there are many options available to consumers when it comes to breakfast cereals. so, if kellogg's significantly increases the price of rice krispies, consumers are more apt to buy alternate cereals instead. this illustrates which concept?

B. The promotion budget for the Bast product.

Explanation:

Baldwin Corporation is a company that utilizes the accrual method of accounting. When it sells the first unit of inventory for its product known as Bast during the year, it also matches the promotion budget for the Bast product with that sale.

The accrual method of accounting is a method of accounting that records expenses and revenues as they occur, whether or not the transaction has been paid for.

Accrued revenue refers to money received for goods or services that have not yet been delivered or used. Accrued expenses are expenses that have been incurred but have not yet been paid for in cash by the company.

The cost of the goods sold (COGS) is a summation of the direct expenditures involved in the production or acquisition of the goods sold by a business. The cost of goods sold (COGS) is subtracted from the gross revenues generated by a business to calculate gross profit (GP).

In an accrual accounting system, expenses are reported on the income statement when they are incurred, regardless of when they are paid. Accrual accounting contrasts with cash accounting, which records transactions only when money changes hands.

To learn more about accrual method, refer below:

https://brainly.com/question/29102629

#SPJ11

If one made an incision between the tendons of the flexor carpi ulnaris and the flexor digitorum superficialis muscle, the person would be attempting to find the ulnar artery.

What is an artery?

An artery is a blood vessel that carries blood away from the heart to other parts of the body. They are responsible for transporting oxygenated blood from the heart to the rest of the body's organs and tissues. Since arteries carry oxygenated blood, they have thick walls with a smooth and elastic lining.

What is the ulnar artery?

The ulnar artery is one of the two major arteries located in the forearm, alongside the radial artery. The ulnar artery is located close to the ulna bone in the forearm, and it carries blood to the forearm and hand muscles. It is responsible for supplying oxygen-rich blood to the muscles and skin on the ulnar side of the arm, as well as the medial portion of the palm and the fourth and fifth fingers.

How to find the ulnar artery?

An incision between the tendons of the flexor carpi ulnaris and the flexor digitorum superficialis muscle is one way of locating the ulnar artery. These tendons form a groove that houses the ulnar artery, and an incision between them can reveal the artery.

However, it is important to use caution and precision during the incision process to avoid damaging the artery or any other tissues.

Learn more about tissues here:-

https://brainly.com/question/25331705

#SPJ11

The Continuous process, which has an annualized fixed cost of $2,000,000 and a variable labor cost of $25 per unit, is the best option given the anticipated yearly demand.

The total cost per unit must be subtracted from the selling price per unit, and the annual profit must then be multiplied by the anticipated annual demand:

(Selling price per unit - total cost per unit) x Yearly demand = Annual profit

($120 - $103.33) x 24,000 equals the annual profit.

$401,920 is the yearly profit.

As a result, the Continuous process yields an annual profit of $401,920.

To learn more about variable costs visit:

brainly.com/question/27853679

#SPJ1

The probability that the mean income for a random sample of 100 students is greater than 525,000. Normal model cannot be used for the sampling distribution model.

The Central Limit Theorem allows us to use a Normal model for the sampling distribution model in situation. We can determine the probability that the mean weight for a random sample of 4 students is greater than 150 pounds. This is because the weights of students are normally distributed.

The Central Limit Theorem does not apply to situation. The distribution of test scores of students is slightly skewed to the right, which means that a Normal model cannot be used for the sampling distribution model. We can still determine the probability that the mean score for a random sample of 4 students is greater than 80, but a different approach would need to be taken.

The Central Limit Theorem allows us to use a Normal model for the sampling distribution model in situation. We can determine the probability that the mean income for a random sample of 100 students is greater than 525,000. This is because the incomes of students is strongly skewed to the right, but the Central Limit Theorem applies even if the distribution is not perfectly Normal.

Learn more about probability: brainly.com/question/13604758

#SPJ11

The defense under strict product liability is the assumption of the risk.

Strict product liability is a legal doctrine that holds manufacturers, distributors, and sellers liable for any injuries or damages caused by their defective products without requiring the plaintiff to prove negligence or fault on their part. It is an essential consumer protection tool that incentivizes manufacturers to make safe products by holding them accountable for any defects or hazards that they produce.

Strict product liability holds the seller of a product strictly liable for any damages or injuries caused by the product, regardless of the seller’s level of fault or negligence. The assumption of the risk defense states that the plaintiff was aware of the risks and chose to use the product anyways, thus releasing the seller from liability.

Learn more about the assumption of the risk here:

brainly.com/question/21897362

#SPJ11

The correct chronological order in which Piaget’s cognitive stages appear is given below: Sensorimotor stage, Preoperational stage, Concrete operational stage, and Formal operational stage.

Jean Piaget was a Swiss psychologist who developed the cognitive development theory. Piaget’s cognitive development theory explains how a child constructs mental models of the world. Piaget proposed that a child goes through four major stages of cognitive development. The stages are the sensorimotor stage, preoperational stage, concrete operational stage, and formal operational stage.

The correct chronological order in which Piaget’s cognitive stages appear is given below:

The correct chronological order in which Piaget’s cognitive stages appear is Sensorimotor stage, Preoperational stage, Concrete operational stage, and Formal operational stage.

For more such questions on Piaget’s cognitive stages

brainly.com/question/13129349

#SPJ11

At periodic time intervals, push technology downloads updated, personalized information on your screen.

The technology that is referred to in the given sentence is known as  Push technology is a style of Internet-based communication where the request for a given transaction is initiated by the publisher or central server. It is often compared to pull or polling, where the request for the transmission of data is initiated by the receiver or client.

In Push technology, the server pushes the data to the clients without the clients requesting it. In Pull technology, the clients have to request the data from the server to receive the information.

Thus, Push technology saves time and effort in requesting data and helps in providing real-time information.

To know more about Push Technology: https://brainly.com/question/27960093
#SPJ11

In the following question, An increase in the price level will affect the money market and bond market in the following ways: When the price level rises, the demand for money rises as well. As a result, the interest rate rises, and the quantity of money demanded falls.

This relationship between the interest rate and the quantity of money demanded is illustrated in a graphical representation. The money market is impacted when the interest rate increases since it is the rate at which money is borrowed in the economy.In a bond market, the interest rate is essential. As the interest rate rises, the bond price decreases, and the bond yield increases. This is because if the interest rate rises, more people will invest in bonds, lowering their prices. As a result, the bond market is adversely impacted by an increase in the price level.The value of money falls as the price level rises, making it less valuable than before. As a result, investors in the money market must invest in higher-interest securities such as bonds, resulting in a lower demand for money. In summary, an increase in the price level in the economy affects the bond market and the money market by increasing the interest rate and lowering the quantity of money demanded.

For more such questions on market

https://brainly.com/question/25309906

#SPJ11


Number Formats: For the two-variable data table, apply Accounting Number Format with two decimal places and bold and center the headings and substitution values.

Decimal is a numeral system used in mathematics to represent numbers based on the base ten. It uses the ten digits 0, 1, 2, 3, 4, 5, 6, 7, 8, and 9 to represent numbers. It is a positional numeral system, which means that the position of each digit in a number is used to represent its value. For instance, the number 563 represents the value five hundred sixty-three, because the number 5 is in the hundreds position, the number 6 is in the tens position, and the number 3 is in the ones position. Decimal is commonly used in everyday life, such as in measurements, currency, and scientific notation.

Range Names:
1. Total_Production_Cost: This range name refers to the range of cells B18.
2. Gross_Profit: This range name refers to the range of cells B21.
3. Hourly_Wages_2018: This range name refers to the range of cells B5.
Formula for Net Profit: =B21-B18

To learn more about Net Profit
https://brainly.com/question/28390284
#SPJ1

The unleveled beta assuming a marginal tax rate of [tex]40%[/tex] is [tex]1.02.[/tex]

Unlevered Beta Calculation: Unlevered Beta is the beta of a company without considering the financial leverage. Hence, we remove the financial leverage from the beta. The formula for unlevered beta is as follows:

Unlevered Beta = Levered Beta / (1 + (1 - tax rate) (Debt / Equity))

Given:

Regression Beta of 49 entertainment software companies = [tex]1.38[/tex]

Average D/E Ratio for these firms = [tex]25%[/tex]

Cash as a percent of firm value = [tex]20%[/tex]

Marginal Tax Rate = [tex]40%[/tex]

Unlevered Beta for x company can be calculated as follows:

Levered Beta for x company = Regression Beta of 49 entertainment software companies = [tex]1.38[/tex]

Debt / Equity ratio = [tex]25% / (100% - 25%) = 0.33[/tex]

Cash / Firm Value = [tex]20% / 100% = 0.20[/tex]

Tax Rate = [tex]40%[/tex] Unlevered Beta =[tex]1.38 / (1 + (1 - 0.40) * 0.33) * (1 - 0.20) = 1.02[/tex]

Therefore, the unleveled beta assuming a marginal tax rate of [tex]40%[/tex] is [tex]1.02[/tex].

Learn more about Finance here:-

https://brainly.com/question/989344

#SPJ11

Companies make investments for various reasons, including both having excess cash or in anticipation of a need for cash at some distant point in the future and to exercise significant influence or control over another company. The correct answer is both a and b.

Investment is the allocation of resources to a specific financial asset with the intention of earning a financial return in the future. Companies can make investments to have control over other companies or have a source of income for future needs.

Some of the most common reasons for companies to make investments are:

Learn more about good investment choices https://brainly.com/question/4251310

#SPJ11

The coase theorem requires that D) property rights are well defined and transaction costs are low.

The Coase theorem, also known as the transaction cost theorem, is an economic theory that states that transaction costs are key to creating a solution to an externality.

Transaction costs refer to the expenses incurred when negotiating and contracting for goods and services.There are two main prerequisites for the Coase theorem to work.

They are as follows:

In order for people to be able to make deals, they must have clear and well-defined rights to the things they want to sell or buy. Property rights refer to the legal right to control and dispose of a resource.

In order for people to make deals, it must not cost too much. For example, legal costs, research, and information gathering are all transaction costs under the Coase theorem.

In summary, under the Coase theorem, resources will allocate toward their highest-valued use if property rights are well defined and transaction costs are low.

Learn more about coase theorem at

https://brainly.com/question/30162049

#SPJ11

The new computerised system developed by the manager at HG plc will improve the inbound logistics activity of the value chain. Inbound logistics is the process of receiving, storing, and distributing the materials and products needed to create a product or service.

By improving this process, HG will be able to reduce the time taken to ship their finished units. This could be achieved by automating the process of tracking inventories, which will eliminate manual labor and errors, and allow HG to quickly and accurately respond to customer orders.

Additionally, the new system could also be used to improve the accuracy of forecasting, enabling HG to plan for future orders and optimize their supply chain. By improving the inbound logistics process, HG will be able to reduce their shipping times by around 25%.

Know more about  inbound logistics here:-

https://brainly.com/question/14813521#

#SPJ11

A(n) timing difference in cash occurs when a company records a transaction either before or after the bank records the same transaction. Timing differences arise because it takes time for a transaction to be initiated, recorded, processed, and cleared through the banking system.

When a company records a transaction in its books of account, it might not always coincide with the date the bank records the transaction in its books. This time lag creates a timing difference, which is resolved when the bank statement is received by the company. It might be favorable or unfavorable.

An example of a favorable timing difference is when a company deposits a check into its bank account at the end of the month, but the bank does not process it until the first day of the next month. In this scenario, the company's cash balance on its books is higher than what is recorded in the bank's books. This difference is favorable to the company and is called a deposit in transit. It will be resolved when the bank statement is received, and the company records the deposit.

An example of an unfavorable timing difference is when a company writes a check on the last day of the month, but the bank does not process it until the first day of the next month. In this case, the company's cash balance on its books is lower than what is recorded in the bank's books. This difference is unfavorable to the company and is called an outstanding check. It will be resolved when the bank statement is received, and the company records the check.

Therefore, timing differences occur when a transaction is recorded either before or after the bank records the same transaction. This difference is resolved when the bank statement is received by the company, and the company records the transaction as per the bank records.

for more questions on transaction

https://brainly.com/question/2212666

#SPJ11

The corrected multi-step income statement for Curbstone Company for the year ended August 31, 2018, would be as follows: Sales: $8,122,500, Cost of Goods Sold: $7,828,800, Expenses: $1,805,450 and Gross Profit: $487,250

To prepare a corrected multi-step income statement for the Curbstone Company for the year ended August 31, 2018, the following changes need to be made:
Sales:
- Decrease sales from $8,595,000 to $8,122,500 due to the removal of the erroneous figure of $5475,000.
- Increase sales from $6,110,000 to $7,812,500 due to the addition of the sales made with MasterCard, VISA and American Express totalling $1,312,500.
Cost of Goods Sold:
- Increase in cost of goods sold from $6,110,000 to $7,828,800 due to the addition of the costs associated with the sales made with MasterCard, VISA and American Express totalling $1,718,800.
Expenses:
- Increase total expenses from $1,800,000 to $1,805,450 due to the addition of the invoice from the National Clearing House Credit Card of $13,450.
Therefore, the corrected multi-step income statement for Curbstone Company for the year ended August 31, 2018, would be as follows: Sales: $8,122,500, Cost of Goods Sold: $7,828,800, Expenses: $1,805,450,Gross Profit: $487,250

For more such questions on income

https://brainly.com/question/30157678

#SPJ11

The university president believes that increasing student tuition by 5% will increase revenues. If the president is correct that revenues will increase, then the tuition increase will A) reduce the number of students enrolling by less than 5%.

Tuition is a sum of money charged for teaching or instruction by a school, college, or university. The president of a university believes that increasing tuition fees by 5% would result in an increase in revenue.

The number of students enrolling at the university, on the other hand, may be impacted by the tuition increase.Increasing the tuition fee by 5% will make it more difficult for many students to afford to attend the university. However, if the increase in tuition fees causes an increase in revenue, the tuition increase will result in a reduction in the number of students enrolling by less than 5%.

As a result, we can conclude that if the university president is correct about the increase in revenue resulting from the increase in tuition fees, the tuition increase will result in a reduction in the number of students enrolling by less than 5%.Option A is correct.

Learn more about tuition at

https://brainly.com/question/18703725

#SPJ11

The uncertainty surrounding the severity of the business cycle is indicated by the depth of a business cycle.

A business cycle is a natural fluctuation in economic activity characterized by expansion (recovery) and contraction (recession). It is a sequence of the upturn and downturn in the Gross Domestic Product of a country. Expansion in the business cycle is when the economy grows, whereas contraction is when the economy shrinks.

There are three types of economic activities which are referred to as business cycles; trough, peak, and contraction.

The depth of a business cycle represents the magnitude of the decline during a contraction, such as a recession, rather than the overall length of time that the economy experiences a recession. This indicates the uncertainty surrounding the severity of the business cycle. Therefore, the depth of a business cycle indicates its severity.

Learn more about business cycle here:

brainly.com/question/20335740

#SPJ11

Encoding is the process by which information gets into memory.

The encoding process happens in the brain and involves the conversion of sensory inputs into forms that can be represented and stored in memory. Encoding happens automatically, without conscious effort, and is influenced by various factors such as attention, motivation, and emotional state. According to the Atkinson-Shiffrin model of memory, the encoding process involves three stages: sensory memory, short-term memory, and long-term memory. Sensory memory holds information from the senses for a brief period (a few seconds), short-term memory holds information for a few seconds to a minute, and long-term memory can hold information indefinitely if properly encoded and stored. In summary, encoding is the process by which information gets into memory, and it is a critical process for learning, remembering, and recalling information.

For more questions on Encoding

https://brainly.com/question/29677154

#SPJ11

Operating Expenses can be separated Into Expenses that increase as sales increase, Expenses that do not increase with sales, and mortgage and lease payments that increase with sales. Hence the correct option is (d) all of the above.

Operating expenses are expenditures that are incurred as part of the normal running of a company. Over the course of a financial period, they are usually consistent and repetitive in nature. The cost of products sold, sales commissions, rent, and utilities are some examples of such expenditures.

As a result, even if the company expands, such expenditures will remain constant. Mortgage and lease payments that increase with sales are an example of expenses that increase with sales. Hence the correct option is (d) All of the above.

Learn more about "Operating Expenses" ; https://brainly.com/question/14697297

#SPJ11

"When the price level falls, indebted persons will be worse off because the real value of their debt will have increased."

When the general price level falls, the purchasing power of money increases, leading to deflation. This means that the prices of goods and services decrease, making the cost of living lower. However, this also has an adverse effect on people who have borrowed money.

Since the amount of debt remains constant, but the purchasing power of money has increased, the real value of their debt has also increased.

As a result, indebted persons will have to spend more money to pay off their debt in real terms, making them worse off financially. This is why deflation can be especially challenging for those who have taken on significant debt.

Learn more about indebted https://brainly.com/question/30152683

#SPJ11

In order to have professionals buy stocks for them, millions of people purchase mutual funds.

Mutual funds can be defined as a pool of money from different kinds of investors which is collected by the fund manager to invest in securities such as bonds, stocks, etc. Mutual funds are managed by a professional fund manager who makes investment decisions based on the funds' objective.

In order to have professionals buy stocks for them, millions of people purchase mutual funds as mutual funds provide an easy and effective way to invest in the stock market. Mutual funds invest in a diversified portfolio of stocks which reduces the risk and provides better returns. Mutual funds also provide the benefit of liquidity as it can be easily bought and sold through mutual funds. Mutual funds also offer tax benefits to investors which makes it one of the popular investment options

Learn more about mutual funds at https://brainly.com/question/4521829

#SPJ11

The marketing advantage of media offering a large number of special interest publications is that they can appeal to highly defined audience segments. These media can include magazines, newspapers, and websites that focus on specific topics, such as health, technology, sports, fashion, or cooking, to name a few examples.

The advantage of these outlets is that their specialized approach allows them to reach audiences that share a common interest and are therefore more likely to be interested in the ads that appear on their pages. Advertisers can select specific posts that fit their target audience and place ads that are designed to resonate with that audience.

In summary, the marketing advantage of media offering a large number of special interest publications is that they can appeal to highly defined audience segments and allow advertisers to reach audiences that share a common interest in a specific topic. This makes the ads more likely to be effective by resonating with the audience and motivating them to take action.

Lear More About Commercial Advantage

https://brainly.com/question/29464276

#SPJ11

When a marketing researcher uses a collection of reports, customer letters, financial statements, and surveys from different departments within her firm, she is using Internal secondary data.

A study technique called secondary research, commonly referred to as desk research, is gathering pre-existing data obtained from various sources. This refers to both external sources (such as outside research) and inside sources such as internal research as government statistics, organizational bodies, and the internet.

Secondary research may be found online, in libraries, and museums, and it can be obtained in a variety of ways, including published statistics, reports, and survey results. The data was acquired via surveys, phone interviews, observation, face-to-face interviews, and other methods, and is often free or available with a fee for restricted access. Researchers gather secondary research, verify it, analyze it, and then incorporate it to support the confirmation of their research objectives for the study period.

Learn more about Data here:

https://brainly.com/question/28132995

#SPJ4

During the short-run period of the production process, a firm is B. able to vary only some of its factors of production.

The short run is an idea that expresses that, inside a specific period later on, no less than one information is fixed while others are variable. In financial matters, it communicates the possibility that an economy acts contrastingly relying upon the time span it needs to respond to specific boosts.

The short run doesn't allude to a particular span of time yet rather is exceptional to the firm, industry or monetary variable being considered.

A key standard directing the idea of the short run and the long run is that in the short run, firms face both variable and fixed costs, and that implies that result, wages, and costs don't have full opportunity to arrive at another balance. Harmony alludes to a point wherein restricting powers are adjusted.

To know more about short run:

https://brainly.com/question/28168343

#SPJ4

As a question answering bot, it is essential to provide answers to questions that are factually accurate, professional, and friendly.

Also, your answer should be concise and without extraneous amounts of detail. You must identify the relevant aspects of the question that the user is asking about and provide a helpful answer to them. In the scenario given in the question, the two-factor theory of Herzberg can be utilized to enhance the employee satisfaction level. It is decided that the first approach to improving the employee satisfaction is to boost hygiene factors. Therefore, which of the following would you consider a hygiene factor?The working conditions are a hygiene factor. Herzberg's two-factor theory suggests that working conditions, company policies, supervision, status, and job security all influence employee satisfaction. However, these aspects cannot increase job satisfaction by themselves. The job must offer significant motivators as well. When hygiene factors are insufficient or lacking, job dissatisfaction may occur. On the other hand, the presence of hygiene factors does not increase job satisfaction but does avoid job dissatisfaction. So, the answer to this question is (A) Working conditions.

Read more about management  here:https://brainly.com/question/28072798

#SPJ11

One example of a project that belongs to the functional area of accounting and finance is annual performance and compensation review.

Accounting and Finance refer to the two separate but related fields that deal with the management of money. Accounting is a subset of finance that focuses on the collection, classification, and analysis of financial transactions and their consequences.

Finance, on the other hand, is concerned with the management of money, including its acquisition, allocation, and investment.The functional area of accounting and finance is responsible for financial management, control, and analysis, as well as the planning and implementation of financial strategies. It is the area of the company that oversees all financial matters, including budgeting, forecasting, financial reporting, taxation, and risk management.

Learn more about accounting and finance at

https://brainly.com/question/29062964

#SPJ11

The predicted price change on the bond given the expected increase in interest rates is a decrease of approximately 1.09%.

To calculate the predicted price change on the bond given the expected change in interest rates, we can use the modified duration formula:

Modified Duration = (1 + Yield to Maturity / Number of Payments) / Yield to Maturity

Using this formula, we can calculate the modified duration of the bond as follows:

Modified Duration = (1 + 0.07 / 2) / 0.07

Modified Duration = 4.35

Assuming a 25 basis point increase in interest rates, the new yield to maturity would be 7.25%. Using the modified duration and the expected change in yield, we can estimate the percentage change in the bond's price:

Estimated % Change in Price = - Modified Duration x Change in Yield to Maturity

Substituting the values, we get:

Estimated % Change in Price = -4.35 x 0.0025

Estimated % Change in Price = -0.010875 or -1.09%

Learn more about bond here:

https://brainly.com/question/29343820

#SPJ11

2020 is the year's inventory turnover for 2020, 2021, and 2022. Inventory turnover is $20,930 / (($2,100 + $2,500) / 2) = 8.19, $23,850 / (($2,500 + $2,800) / 2) = 8.54, and $23,655 / (($2,800 + $2,900) / 2) = 8.16.

A ratio that demonstrates how frequently a company's inventory is sold and replaced over time is known as an inventory turnover ratio. For the three months ended December 31, 2022, PepsiCo's inventory turnover ratio was 2.57.

The carrying cost of an organization's inventory can be stated as a percentage. It is computed by totaling all carrying expenses, dividing that number by the total inventory value, and multiplying the result by 100 to get a percentage.

To know more about inventory visit:-

https://brainly.com/question/14184995

#SPJ1

In the following question, among the various parts to solve on funding- part-1, 1) Invest in fixed rate bonds, 2) invest in floating rate bonds. part-2, 1)Reinvestment Risk, 2)Price Risk.

There are two alternatives to managing a bond portfolio to ensure that it is sufficient to meet the $50,000,000 liability due in seven years:
1. Invest in fixed-rate bonds: With this approach, the investor buys bonds at a fixed rate of interest and holds them to maturity. The bonds will not lose or gain value due to changes in market interest rates and the investor will receive the original principal plus the interest payments as stated in the bond's terms.
2. Invest in floating rate bonds: With this approach, the investor buys bonds with an interest rate that changes periodically with market conditions. This can be beneficial in an environment of rising interest rates, since the investor would receive a higher rate of interest. However, the investor may not be able to receive the full principal back if the interest rates drop significantly and the bond is sold before maturity.
Both of these approaches expose bondholders to two risks associated with changing interest rates:
1. Reinvestment Risk: If the market interest rate is lower than the current rate on the bond, the investor may not be able to reinvest their proceeds into another bond with the same yield.
2. Price Risk: If the market interest rate rises, the price of the bond will fall and the investor will suffer a capital loss when they sell the bond before it matures.

For more such questions on funding

https://brainly.com/question/29102218

#SPJ11

The difference between the carrying value and the par value of the bonds is $66,500 - $50,000 = $16,500. This is the amount of the loss that is reported on the income statement.

Therefore, the amount to be reported under cash flows from financing activities is $(71,400). The amount of the loss that is reported on the income statement is [tex]$16,500.[/tex]

The amount to be reported under cash flows from financing activities is[tex]$(71,400).[/tex]This is because a company retiring bonds with a par value of $50,000 and carrying value of $66,500 for $71,400 cash results in a loss of $4,900.

To calculate the amount to be reported under cash flows from financing activities, we need to look at the par value of the bonds, the carrying value of the bonds, and the cash paid to retire them.

The par value is the face value of the bonds, and in this case it is $50,000. The carrying value of the bonds is the amount the bonds are worth on the balance sheet, and in this case it is $66,500. The cash paid to retire them is  [tex]$(71,400).[/tex]
The difference between the cash paid and the par value of the bonds is $(71,400) - $50,000 = $(21,400). This is the amount to be reported under cash flows from financing activities.

for such more questions on financing

https://brainly.com/question/3047901

#SPJ11